Seller's Agent in 2023
Jules Wilson
Seven Gables Real Estate
(949) 478-0139
2 in this area
60 Total Sales
2086 Wallace Ave Costa Mesa, CA 92627
Westside Costa Mesa Neighborhood
5
Beds
3
Baths
2,400
Sq Ft
8,899
Sq Ft Lot
Highlights
- No Units Above
- Laundry Room
- 1-Story Property
- No HOA
- No Heating
About This Home
As of May 2023Fantastic Triplex!!! Three units, all on one level with separate yards and on-site parking for up to 10 cars!!! Situated on a huge approx 9000 sq ft lot! PLUS ROOM TO ADD AN ADU per City of Costa Mesa! As an added bonus, this triplex is located in a highly coveted Opportunity Zone! Investors: FABULOUS IMPROVEMENTS are now complete to the #2 & #3 unit's kitchens and baths plus new vinyl plank hardwood-like flooring, new interior paint. This property is also great for multi-family living, or live in one unit and rent out the other two! Located in an area of Costa Mesa where many properties are being nicely remodeled and updated, this triplex is also situated in close proximity to many adorable and well-kept single family homes. Approximately three miles to Newport Beach and the Newport Pier and only 1.3 miles to all of the exciting shops, restaurants, theaters, Trader Joe's, etc at The Triangle in Costa Mesa! All units will be delivered vacant at COE!
Last Agent to Sell the Property
Seven Gables Real Estate License #00959162 Listed on: 02/23/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 8,899 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Triplex
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Utilities
- No Heating
Listing and Financial Details
- Legal Lot and Block 3 / C
- Tax Tract Number 612
- Assessor Parcel Number 42225204
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $76,500
- Net Operating Income $67,500
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2023 05/24/23 | Sold | $1,395,000 | 0.0% | $581 / Sq Ft |
| 04/21/2023 04/21/23 | For Sale | $1,395,000 | 0.0% | $581 / Sq Ft |
| 04/21/2023 04/21/23 | Off Market | $1,395,000 | -- | -- |
| 04/19/2023 04/19/23 | For Sale | $1,395,000 | 0.0% | $581 / Sq Ft |
| 04/18/2023 04/18/23 | Off Market | $1,395,000 | -- | -- |
| 03/31/2023 03/31/23 | Price Changed | $1,395,000 | -2.1% | $581 / Sq Ft |
| 03/27/2023 03/27/23 | For Sale | $1,425,000 | +2.2% | $594 / Sq Ft |
| 03/26/2023 03/26/23 | Off Market | $1,395,000 | -- | -- |
| 02/23/2023 02/23/23 | For Sale | $1,425,000 | -- | $594 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,947 | $1,451,358 | $1,366,686 | $84,672 |
| 2024 | $16,947 | $1,422,900 | $1,339,888 | $83,012 |
| 2023 | $14,629 | $1,224,000 | $1,145,727 | $78,273 |
| 2022 | $5,263 | $347,157 | $246,093 | $101,064 |
| 2021 | $5,022 | $340,350 | $241,267 | $99,083 |
| 2020 | $4,932 | $336,861 | $238,793 | $98,068 |
| 2019 | $4,810 | $330,256 | $234,110 | $96,146 |
| 2018 | $4,708 | $323,781 | $229,520 | $94,261 |
| 2017 | $4,641 | $317,433 | $225,020 | $92,413 |
| 2016 | $4,557 | $311,209 | $220,608 | $90,601 |
| 2015 | $4,516 | $306,535 | $217,294 | $89,241 |
| 2014 | $4,427 | $300,531 | $213,038 | $87,493 |
Source: Public Records
Agents Affiliated with this Home
-
Jules Wilson
-
Cristian Ripoll
Buyer's Agent in 2023
Cristian Ripoll
Century 21 Masters
(562) 417-4889
1 in this area
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23026200
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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